Loan Modification Articles

$26B Foreclosure Settlement Reached

A $26 billion settlement that would fund loan modifications and mortgage refinancing for at-risk homeowners was announced today by state and federal officials.

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HAMP Expanded to Rentals, 2nd Liens

Owners of rental properties and homeowners burdened by secondary expenses are now eligible for mortgage relief under a new expansion of the Home Affordable Modification Program (HAMP).

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Program Raises Loan Mod Success Rate

Having difficulty getting a mortgage loan modification? Consider foreclosure counseling.

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7 Books for Homebuyers and Borrowers

Books are always a popular item at Christmas. Since we’re all about mortgages and personal finance here, we thought we’d put together a list of some of the more popular mortgage-related books for consumers this year.

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Lucky Few Get Big HAMP Writedowns

A handful of lucky homeowners have been able to reduce their mortgage debt by nearly one-third under a little-noticed provision of the government’s Home Affordable Modification Program (HAMP).

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Getting a Jumbo Mortgage Modification

Can you get a loan modification on a jumbo mortgage? The answer is yes, but there are some significant differences from getting a mortgage modification on a conventional loan.

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Consumer Bureau Turns to Mortgages

Two new initiatives to help guard consumers against mortgage-related abuses were launched this week by the recently established Consumer Financial Protection Bureau (CFPB).

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Fraudulent Loan Mod Ads Shut Down

More than 100 loan modification scams that targeted financially distressed homeowners through online advertisements have been shut down over the past week at the request of federal investigators.

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5 Million Loan Modifications Allowed

Nearly 5 million homeowners have obtained mortgage loan modifications over the past four years, according to figures released today by the HOPE NOW Alliance.

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More HAMP Mods Made Permanent

Fewer homeowners are being approved for the government’s mortgage loan modification program these days, but those who are are doing much better than those who entered the program during its early phase.

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National Rates

Loan Type Today +/-
30 yr fixed 3.80
15 yr fixed 3.10
5/1 ARM 2.73

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